Bravia-IL&FS aircraft fleet JV off the ground

Mumbai: US-based Bravia Capital Partners (BCP), a global commercial aircraft finance, investment and leasing company, and Infrastructure Leasing and Financial Services (IL&FS) of India, have announced the establishment of a joint venture to serve the aircraft fleet requirements of the rapidly growing Indian airline market.
The venture will invest in commercial aircraft to be leased to or financed for airlines in India. It will also have the ability to react quickly to provide both bridge finance as well as long-term leases. Newly-formed airlines with well-defined business plans as well as India’s legacy carriers will benefit from the formidable financing knowledge, experience and capability of the BCP/IL&FS synergy.
As per the venture terms, Bravia Capital and IL&FS will work together to source and market appropriate aircraft; develop traditional, structured and innovative short-term structures and arrange debt financing while investing their own equity risk capital. In addition, Bravia will provide technical support for each aircraft transaction, which includes cargo conversion and maintenance management facilities.
12/05/06 Financial Express

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